When you sell a home, there’s a lot of stress involved. Most of that is derived from the amount that you have to pay. If you’re buying a new home, you’re probably focused on the cost of that. You haven’t even considered the amount you’ll need to pay to get your old one on the market. That’s why it’s worth thinking about the different costs involved to add them up and find out exactly what you’re going to need to pay.
Renovation Costs
Before you even think about putting your home on the market, you will certainly need to inject a little money into the home. Depending on the state of your house, you might need to just hire a cleaner or a decorator. But you could also consider planning for a more expensive renovation. Changing the style of rooms like the kitchen and bathroom could add quite a lot on to the value of your home. In this way, changes like this don’t cost you money. In fact, you’re essentially getting the money you put into it back as soon as you sell.
Realtor Commission
Depending on where you live and what company you use, a realtor commission can be quite expensive. Realtors take a small portion of the amount you get for the home when it sells. But this cost can be anything up to twenty-five percent of the asking price. That’s a lot of cash that you’re losing on marketing alone. It all depends on how they market your home. Some want to make leaflets, flyers and take out advertisements in the paper. Others will just post your home online and wait for a few nibbles in the water. If you want to discover exactly how much it’s going to cost you can use a commission calculator. That way, there won’t be a big surprise down the road.
House Survey
In some areas, the homeowner is also expected to pay for a home survey. This can cost as much as a few grand. Beware though because, in other areas, it’s the buyer’s job to get the survey. That means if you’re moving from one area to another, you can end up double paying. You’ll pay for the survey that you completed on one property and again on the one that you’re buying. But there’s no way around this as in certain areas it’s illegal to sell a home without checking it out.
Solicitor
You may also need to pay for a solicitor to handle the transaction of selling the home. In some places, the realtor will handle this for you. In others, it’s a separate service that you’ll be expected to pay. Make sure you look around online to find the best solicitor services for your money. You don’t want to pay a fortune when you can get the same service for a lot less from a different company.
Now that you know the costs you’ll be able to add them up and find out the exact price of selling your home. We hope you get a fast and easy sale.
